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20100905
20100905
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. there's a question about that. are two incomes always better than one? jennifer is ce of the family financial network. let me start out. it seems like a no brainer. you need more money, get two jobs. that's good. is it always good? >> it does seem like a no brainer. for many families it does make sense. at a time when there is so much insecurity about jobs and concerns of health care benefits. a lot of families use a second income to maybe save for a specific goal, like college or maybe even financing a business. >> there a lot of hidden costs with a second income. if you're not making enough, it can be a problem. >> you're right. that's the issue. becoming the victim of the dual income trap if you will. let's say the second person earns $50,000 in income. you have $10,000 to $15,000 going to taxes. that leads you with $35,000. we have clothing cost. we have transportation. maybe a car to get to our job. maybe we've got child care expenses. if you take those combined, they can easily come up to $15,000. that with wittle the net pay down to $20,000. then, of course, maybe you're thin
Search Results 0 to 0 of about 1